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Prepare the Material Purchases Budget (in units and RM). Briefly explain two (2) objectives of...

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Accounting

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Prepare the Material Purchases Budget (in units and RM). Briefly explain two (2) objectives of a cash budget.

Brighton Bhd. produces three products X, Y and Z. For the coming accounting period budgets are to be prepared based on the following information. Budgeted sales Product X 2,000 units at RM100 each Product Y 4.000 units at RM130 each Product Z 3,000 units at RM150 each Finished inventories budget Product X Product Y Product Z (units) (units) (units) 500 800 700 600 1,000 800 Opening Closing Budgeted usage of raw material Types of raw material MSII MS22 MS33 (units) (units) (units) Product X 5 2 Product Y 3 2 2 Product Z 2 1 3 Cost per unit of material RM5 RM3 RM4 Raw materials inventory budget MSII (units) Opening 21,000 Closing 18,000 MS22 (units) 10,000 9,000 MS33 (units) 16,000 12,000

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